sale agreed on property that went into receivership

[david mc]

Hi all,

About 5 months ago we went sale agreed on property that we loved. After 5 or 6 weeks from going sale agreed we signed are side of the contract and payed the deposit to a developer solicitor and my solicitor send the contract over to them so they could sign it on there side.

After 5 weeks there no contract signed from there side. Then we found out that 1 of the 3 partners in developer's company's the owners of the property went bankrupt in the uk.

So we are have been waiting with no house and no contract signed for the last 5 months.

Has anyone been in similar situation or know what he best way to tackle this as uk receivers are involved in the mess now

 

[mf1]

Walk away. You have no signed Contract- you're free to pull out.

It sounds like a right mess. It might work out. Or it might not. If you do decide to sit tight and await an outcome.

mf

 

[david mc]

Hi,
Yeah I know its a mess all right. But with rising house prices in Dublin Im forced to be push out more and more country, which ends up longer travel to get home and I don't want to do that.

Also im limited to how much I can get from the bank too and Dublin is becoming far to expensive to afford to go searching again

I've choice but to wait I think.